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Global Liner Hanger Market Report and Forecast 2024-2032

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    Report

  • 207 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982145

Market Outlook

According to this report, the global liner hanger market size reached a value of USD 90.1 billion in 2023. Aided by the rising investments in offshore exploration and production activities owing to the increasing demand for natural gas and oil, the market is projected to further grow at a CAGR of 4.9% between 2024 and 2032 to reach a value of USD 140.2 billion by 2032.

Liner hangers are critical components in the oil and gas industry, used during the well completion process to support and secure the liner to the casing. These systems are designed to provide reliable and efficient sealing and are essential in maintaining the structural integrity of wells. Liner hangers are deployed in both onshore and offshore drilling operations, facilitating effective production and ensuring the longevity of wells.

The booming oil and gas sector, particularly with the resurgence of exploration and production activities, is driving the liner hanger market growth. With the increasing demand for energy and the rising investments in drilling operations, there is a heightened need for reliable well completion solutions, subsequently propelling the demand for liner hangers. Moreover, the advancements in drilling technologies and the shift towards unconventional resources, such as shale gas and tight oil, are further augmenting the market growth.

The expanding applications of liner hangers in various segments of the oil and gas industry also play a significant role in propelling the liner hanger market expansion. Liner hangers are used in horizontal, deviated, and deepwater wells, providing enhanced efficiency and operational performance. The increasing focus on maximizing oil recovery and improving well productivity is driving the demand for advanced liner hanger systems.

Additionally, the rising trend of offshore drilling activities, driven by the discovery of new offshore reserves and the increasing investments in deepwater exploration, is contributing to the market growth. Offshore drilling operations require robust and reliable well completion solutions, leading to a surge in demand for liner hangers. Furthermore, the growing adoption of liner hangers in high-pressure and high-temperature (HPHT) wells is further bolstering the market growth.

The oil and gas industry's emphasis on operational efficiency and cost-effectiveness is also increasing the liner hanger market share. Liner hangers provide significant cost savings by reducing the time and resources required for well completion. The increasing focus on minimizing operational risks and enhancing safety is further propelling the demand for reliable liner hanger systems.

Moreover, the growing environmental concerns and the stringent regulations regarding drilling operations are influencing the liner hanger market dynamics. The increasing adoption of environmentally friendly and sustainable drilling practices is driving the demand for advanced liner hanger systems that comply with regulatory standards. The shift towards green and sustainable energy solutions is also creating growth opportunities for market players.

As per the global liner hanger market analysis, the oil and gas industry's resurgence, particularly in exploration and production activities, is a significant driver of the market. The increasing demand for energy and the rising investments in drilling operations are propelling the need for reliable well completion solutions, subsequently boosting the demand for liner hangers. Technological advancements in drilling techniques and the shift towards unconventional resources, such as shale gas and tight oil, are augmenting the market growth. The development of advanced liner hanger systems that enhance operational efficiency and well productivity is driving the market.

Market Segmentation

The market can be divided based on type, well type, location, and region.

Market Breakup by Type

  • Conventional Liner Hangers
  • Mechanical Liner Hangers
  • Hydraulic Liner Hangers
  • Expandable Liner Hangers

Market Breakup by Well Type

  • Horizontal/ Directional
  • Vertical

Market Breakup by Location

  • Onshore
  • Offshore

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global liner hanger market. Some of the major players explored in the report are as follows:
  • Baker Hughes Company
  • Halliburton Company
  • Schlumberger NV
  • Nov Inc.
  • Weatherford International plc
  • Packers Plus Energy Services Inc.
  • Innovex Downhole Solutions Inc.
  • Dongying JC Petro
  • Dril-Quip, Inc.
  • NCS Multistage, LLC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Liner Hanger Market Analysis
8.1 Key Industry Highlights
8.2 Global Liner Hanger Historical Market (2018-2023)
8.3 Global Liner Hanger Market Forecast (2024-2032)
8.4 Global Liner Hanger Market by Type
8.4.1 Conventional Liner Hangers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Mechanical Liner Hangers
8.4.1.3.2 Hydraulic Liner Hangers
8.4.2 Expandable Liner Hangers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Liner Hanger Market by Well Type
8.5.1 Horizontal/ Directional
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Vertical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Liner Hanger Market by Location
8.6.1 Onshore
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offshore
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Liner Hanger Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Liner Hanger Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Liner Hanger Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Liner Hanger Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Liner Hanger Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Liner Hanger Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Baker Hughes Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Halliburton Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Schlumberger NV
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nov Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Weatherford International plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Packers Plus Energy Services Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Innovex Downhole Solutions Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Dongying JC Petro
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Dril-Quip, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 NCS Multistage, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Liner Hanger Market: Key Industry Highlights, 2018 and 2032
2. Global Liner Hanger Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Liner Hanger Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Liner Hanger Historical Market: Breakup by Well Type (USD Billion), 2018-2023
5. Global Liner Hanger Market Forecast: Breakup by Well Type (USD Billion), 2024-2032
6. Global Liner Hanger Historical Market: Breakup by Location (USD Billion), 2018-2023
7. Global Liner Hanger Market Forecast: Breakup by Location (USD Billion), 2024-2032
8. Global Liner Hanger Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Liner Hanger Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Liner Hanger Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Liner Hanger Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Liner Hanger Market Structure

Companies Mentioned

  • Baker Hughes Company
  • Halliburton Company
  • Schlumberger NV
  • Nov Inc.
  • Weatherford International plc
  • Packers Plus Energy Services Inc.
  • Innovex Downhole Solutions Inc.
  • Dongying JC Petro
  • Dril-Quip, Inc.
  • NCS Multistage, LLC

Methodology

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Table Information